THE Philippines has allocated bulk of its sugar output this crop year to the domestic market while maintaining its export commitments to the United States, the Sugar Regulatory Administration (SRA) said on Monday.
In sugar order No.1, SRA, Administrator Ma. Regina Bautista-Martin said that sugar production for crop year 2016-2017 is forecast to reach 2.25 million metric tons (MT), higher than the 2.236 million MT produced in the previous crop year.
Production target for this crop year is also expected to cover the domestic requirement of 2.15 million MT.
“We have a very stable supply of sugar for this crop year with a carryover volume of 700,000 MT from last season,” Rosemarie Gumera, SRA policy and planning manager, said in a telephone interview.
A sugar crop year in the Philippines starts in September and ends in August the following year.
The country’s sugarcane sector performed better than expected in the crop year just ended, surpassing its production target amid the prevailing dry spell brought about by El Nino.
Sugar production for crop year 2015-2016 reached 2.2 million metric tons, exceeding the 2.15 to 2.19 million MT target.